38Particulars in relation to controlled entities

## 38 Particulars in relation to controlled entities (1) In this clause, share means a share in the issued share capital of an entity (other than a share that carries no right to participate beyond a given amount in a distribution of either profits or capital) or, if the entity does not have share capital, in the equity of the entity. (2) The consolidated accounts of a chief entity for a financial period must include a note stating, for each controlled entity: (a) particulars of: (i) its name; and (ii) its country of formation or incorporation; and (iii) its relationship with other entities in the economic entity; at the end of that financial period; and (b) the amount of its contribution to the profit or loss, during the period, of the economic entity; and (c) if its financial year differs from that of the chief entity — particulars of its financial year; and (d) if any of its business was carried on during that period in a country outside Australia — the name of that country. (3) If a controlled entity issues share capital, the particulars referred to in subparagraph (2) (a) (iii) must include, in relation to the shares held in the entity by the chief entity and each other entity in the economic entity: (a) the amount at which the shares are recorded in the books of each entity; and (b) the percentage of the shares held in relation to all of the shares of the entity Schedule 5A Financial reporting — Australian banks and life offices (regulation 2M.6.03)